Nobel Energy
- Company typePrivate
- Founded2005
- HeadquartersLondon, United Kingdom
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
Nobel Energy firmographics
Firmographics- Name
- Nobel Energy
- Legal name
- Nobel Energy Management LLC
- Website
- https://nobelenergy.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Nobel Energy industry classification
Industry- Product category
- Integrated Energy Services for Oil & Gas
- NAICS
- Engineering Services (541330)
- SIC
- Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)
- akta.pro secondary industries
- Temporary Construction Utilities & Logistics (Laydown Yards, Temporary Power, Transport) (EUAMAFAL), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)
Keywords
Where Nobel Energy is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
Nobel Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Engineering, Procurement and Construction (EPC) Services: Provides EPC services for oil and gas infrastructure projects including refineries, platforms, and industrial facilities. Revenue generated through project-based contracts with fixed or cost-plus pricing.
- Operations and Maintenance Services: Ongoing O&M contracts for offshore platforms, terminals, pipelines, and processing facilities. Provides equipment maintenance, valve services, turbomachinery services, and asset integrity management.
- Drilling Services: Integrated drilling and well services including well design, drilling, completion, workover, and multilateral well drilling through SOCAR AQS joint venture.
- Fabrication Services: Offshore and onshore fabrication of structural steelwork, pipe work systems, vessels, tanks, and related packages through SDL Nobel.
- Renewable Energy Development: Solar power plant development through subsidiary Enerso, including project development, construction, and electricity trade.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Nobel Energy product offering
Product offeringCore offering
Nobel Energy is an integrated energy services company providing drilling services, engineering-procurement-construction management (EPCM), offshore and onshore fabrication, field operations and equipment maintenance, procurement and supply chain management, and renewable energy development to oil and gas operators, refineries, and government entities. Services are delivered through subsidiaries (PROKON, Glensol, SDL Nobel, Audubon, Enerso) and joint ventures (SOCAR AQS, Turan Drilling & Engineering), targeting national and international oil companies across the Caspian, Central Asia, Middle East, Africa, Europe and USA.
Product overview
Nobel Energy is an Integrated Energy Production, Development and Services company operating as part of NEQSOL Holding. The company offers a comprehensive portfolio of energy services through its subsidiaries and joint ventures, including: field operations and equipment maintenance (via Glensol), project and construction management (via PROKON), integrated drilling services (via SOCAR AQS and Turan Drilling & Engineering), fabrication services (via SDL Nobel), EPCM services, procurement and supply chain management, and renewable energy development (via Enerso). The company also operates subsidiaries Audubon for offshore EPC, and OGP for enhanced oil recovery. The portfolio also includes a former downstream retail business (Nobel Oil Downstream) in Romania.
Differentiator
Problem solved
Functional benefit
Products and services
- Drilling Services Integrated drilling and well services including well design and planning, drilling of oil and gas wells, directional, horizontal and multilateral wells, well completion, workover, and sidetracking — delivered to offshore platform operators in the Caspian Sea primarily via SOCAR AQS and Turan Drilling & Engineering JVs.
- Engineering, Procurement and Construction Management (EPCM) Integrated engineering, procurement and construction management services for offshore platforms (including AUDUBON-delivered brownfield topsides for Shell in the US Gulf) and downstream industrial facilities such as refineries, ammonia/urea plants, and polymer plants.
- Fabrication Services Offshore and onshore fabrication and installation of structural steelwork, upgrades of offshore facilities, high-pressure flow lines, pipe work systems, vessels, tanks and related packages — delivered by SDL Nobel and related subsidiaries.
- Field Operations and Equipment Maintenance Operations and maintenance of oil & gas, power and water industry equipment including asset integrity management, valve maintenance, pump services, turbomachinery services, electrical motor repair, HVAC maintenance and repair, and electrical & instrumentation services — delivered by Glensol.
- Project and Construction Management Construction and project management in the energy industry covering civil, piping, structural steel, painting, insulation, and equipment erection work for refineries, petrochemical plants, and brownfield industrial facility modifications (e.g., Tüpraş Izmit and Kirikkale refineries) — delivered by PROKON.
- Procurement and Supply Chain Management (PSCM) Integrated procurement and supply chain management services for the energy sector, including at BP's ACG and Shah Deniz operations where the company received a Safety Achievement Award for performance improvement in Safety, Housekeeping and Warehouse Operations Standards.
- Renewable Energy Development Solar power plant development, operations and electricity trade delivered via subsidiary Enerso; uses DNV/IEC-certified ZX300 Lidar Wind Measurement Device for onshore wind measurements up to 200+ metres above ground level. Anchored by MoU with the Ministry of Energy of Azerbaijan for 100MW and 400MW solar plants.
Quantifiable outcome
- Energy savings of 26 million cubic meters of natural gas annually from 50MW solar plant
- +4 more outcomes
Companies that use Nobel Energy
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
Nobel Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Nobel Energy partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- UNG OverseascoreNobel Energy and UNG Overseas (international platform of Uzbekneftegaz) signed MoU to explore strategic cooperation and potential joint venture in Uzbekistan covering oil and gas, power and energy, and water infrastructure sectors. Collaboration combines Nobel Energy's technical capabilities with UNG Overseas' local market access.
- SOCAR GreencoreMoU signed between SOCAR Green, Siemens Energy, and Nobel Energy to jointly develop renewable energy projects in Azerbaijan.
- SOCAR AQScoreJoint venture between SOCAR and Nobel Oil Services established in 2007 for integrated drilling and well management services. Nobel Oil Services is the key shareholder. Operates 6 rigs on 5 platforms across 4 offshore fields.
- Wood GroupcoreJoint venture agreement signed October 2018 combining Wood's engineering capabilities with Nobel Oil's Caspian region expertise for brownfield engineering, procurement, and construction management across offshore Azerbaijan assets.
- GAMA Industry Inc.coreNobel Oil Services subsidiary PROKON established joint venture ProkonGama with GAMA Industry Inc. Combines PROKON's local construction expertise with GAMA's decades of industrial construction experience across 300+ projects globally.
- KCA DeutagcoreSOCAR AQS and KCA Deutag formed Turan Drilling & Engineering joint venture in July 2018. Combines KCA Deutag's global drilling expertise with SOCAR AQS's Caspian infrastructure. Awarded $500M+ BP contract for 7 platform drilling rigs.
- Denholm Oilfield ServicescoreNobel Oil Services acquired 50% of Denholm's fabrication business in Azerbaijan (SDL Denholm Limited and Denholm Oilfield Services Azerbaijan). Joint venture SDL Nobel created combining expertise of both companies.
- MaurilogminorMoU signed October 2021 to explore opportunities in Mauritanian and Senegalese markets. Focus on oil field operations and equipment maintenance including electrical motor repair, valve repair, pump and HVAC maintenance, fabrication, and engineering services.
- Iraq's General Company for Carbon EconomicsminorMoU signed May 2023 during First International Conference on Carbon Economics in Baghdad establishing framework for cooperation on climate action, environmental projects, and sustainable development in Iraq.
- EnerMechcoreJoint venture between EnerMech and Oil & Gas Proserv (OGP), affiliated company of Nobel Energy Group in Azerbaijan. Secured first contracts totaling $3 million for offshore development projects including Absheron gas-condensate field.
- Baker HughescoreSOCAR AQS worked closely with Baker Hughes on multilateral well drilling project. Baker Hughes conducted technical feasibility study and played important role in successful implementation at West Absheron field.
Scale indicators7 records
Recent moves11 records
Expansion highlights6 records
Nobel Energy competitors and assessment
Company assessmentDirect peers
- Lamprell: Lamprell is an offshore and onshore EPC contractor focused on fabrication, modularization, and construction services for the energy industry. It is directly comparable to SDL Nobel's offshore fabrication and to PROKON's construction management for industrial and renewable projects.
- Petrofac: Petrofac is an international EPC and operations services provider to the oil & gas industry with comparable brownfield EPCM, maintenance, and drilling-related service offerings. It directly competes with Nobel/Audubon for IOC engineering, procurement, and construction management tenders in the Caspian and Middle East.
- Saipem: Saipem provides integrated EPC, drilling, and fabrication services for the oil & gas industry with significant Caspian and Middle East exposure. It is directly comparable to Nobel's integrated drilling and offshore EPC offering and competes for similar supermajor contract scopes.
- McDermott International: McDermott is a global EPC and fabrication specialist for offshore oil & gas projects, directly comparable to Audubon's offshore brownfield topsides work for Shell in the US Gulf of Mexico and to SDL Nobel's offshore fabrication services. Both compete for the same IOC offshore EPC scopes.
- SOCAR AQS: SOCAR AQS is a Caspian-focused drilling and well services joint venture between SOCAR and Nobel Oil Services. It is comparable as a directly affiliated peer operating drilling rigs and well services on Azerbaijan offshore platforms — overlapping with Nobel's core drilling capability.
- KCA Deutag: KCA Deutag is a global drilling and engineering contractor with deep Caspian operations (Turan Drilling & Engineering JV partner of Nobel/SOCAR AQS). It is directly comparable as a land and offshore drilling rig operator and platform services provider serving the same IOC and NOC client base in Azerbaijan.
Broad incumbents
- TechnipFMC: TechnipFMC is a global leader in subsea, offshore, and surface project solutions for the oil & gas industry. It is comparable as a broader incumbent offering integrated EPC and drilling-related technologies that compete with Nobel/Audubon for offshore brownfield and topsides scopes.
- Wood Group (John Wood Group): Wood Group is a global energy and materials engineering consultancy with significant Caspian operations and a brownfield engineering JV partner of Nobel Oil Services in Azerbaijan. It offers a broader engineering and asset services portfolio than Nobel but overlaps directly on Caspian brownfield EPCM work.
Emerging players
- Masdar (Abu Dhabi Future Energy Company): Masdar is a global renewables developer with active solar project investments across the Caucasus and Central Asia. It is comparable as an emerging competitor for Nobel/Enerso's solar pipeline in Azerbaijan and represents both a potential partner and competitor in regional renewable build-out.
Regional players
- GAMA Industry: GAMA Industry is a Turkish industrial EPC contractor (ProkonGama JV partner of Nobel's PROKON subsidiary). It is comparable as a regional peer providing industrial construction services across refineries, petrochemicals, and power plants in Turkey, the Caspian, and the Middle East.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Nobel Energy social profiles
Digital presenceNobel Energy compliance and trust
Trust signalCompliance5 records
Nobel Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nobel Energy leadership team
Management profileNumber of profiles
Profiles10 records
Nobel Energy subsidiaries and ownership
Company hierarchySubsidiaries9 records
Nobel Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nobel Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nobel Energy
What does Nobel Energy do?
Nobel Energy is an integrated energy services company providing drilling services, engineering-procurement-construction management (EPCM), offshore and onshore fabrication, field operations and equipment maintenance, procurement and supply chain management, and renewable energy development to oil and gas operators, refineries, and government entities. Services are delivered through subsidiaries (PROKON, Glensol, SDL Nobel, Audubon, Enerso) and joint ventures (SOCAR AQS, Turan Drilling & Engineering), targeting national and international oil companies across the Caspian, Central Asia, Middle East, Africa, Europe and USA.
Is Nobel Energy a public or private company?
Nobel Energy is a private company. It is classified as corporate owned and is currently operating.
When was Nobel Energy founded?
Nobel Energy was founded in 2005. It employs 1,001 to 5,000 people.
Where is Nobel Energy based?
Nobel Energy is headquartered in London, United Kingdom, in the Europe region.
How does Nobel Energy make money?
Five revenue lines are on record. Engineering, Procurement and Construction (EPC) Services are the primary driver. The others are operations and Maintenance Services, drilling Services, fabrication Services and renewable Energy Development.
Who are Nobel Energy's main competitors?
Direct peers on record are Lamprell, Petrofac, Saipem, McDermott International, SOCAR AQS and KCA Deutag. Broad incumbents are TechnipFMC and Wood Group (John Wood Group). Masdar (Abu Dhabi Future Energy Company) is listed as an emerging player. GAMA Industry is listed as a regional player.
Does Nobel Energy have an API?
No public API is recorded for Nobel Energy.
What industry is Nobel Energy in?
Nobel Energy's product category is Integrated Energy Services for Oil & Gas. Its primary akta.pro industry code is IMAFALAJ, Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging), with a secondary code of EUAMAFAL, Temporary Construction Utilities & Logistics (Laydown Yards, Temporary Power, Transport). Its NAICS code is 541330 and its SIC code is 3533.